Inheritance Tax part 1

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View all free ACCA F6 UK lectures >> This lecture is based on OpenTuition F6 course notes

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  1. Avatar of hixam hixam says:
    May 11, 2013 at 10:48 am

    Dear sir,

    Is that possible That u can upload the june 2013 IHT lecture? Will it be available before our exam?

    Thank you a lot lot ,

  2. Avatar of mahoysam mahoysam says:
    April 28, 2013 at 7:44 am

    Can you please advise if this lecture is valid for Jun 2013 exams? I would really appreciate a response on my question, and if it is not valid, are you planning on uploading the VAT and inheritance tax lecture or not?

    Thanks,

  3. Avatar of Leila Leila says:
    March 28, 2013 at 3:15 pm

    hahahahaha i am sorry i laughed my behind off when the tutor said: “if you really really want to pay some inheritance tax before you die……” thank you again for the wonderful lecture, and the sense of humor. both have made ACCA an almost enjoyable experience!

  4. Avatar of Tax Tutor Tax Tutor says:
    June 8, 2012 at 9:25 pm

    Hi Guys
    Thank you for bringing this question to our attention and “crye” you are right we are indeed dealing with a typing error but sadly not the only one on this question so apologies to all those confused by the many typing errors within the published question and answer. Firstly there are date errors in the question that need to be amended – in part (a) the following lifetime gifts dates should be:
    (2) 17 September 2006
    (3) 14 February 2008
    (4) 26 August 2009
    The nil rate bands:
    2006/07 285,000
    2007/08 300,000
    2009/10 325,000
    In the answer the 17/09/06 transfer should be labelled PET and in part (b) of the answer the PET should be dated 17/09/06.
    All the calculations however should be correct. Hope this allows you to now deal with this question and again apologies for the typing errors!

  5. Avatar of shutaas shutaas says:
    June 8, 2012 at 3:13 pm

    Hi,

    I agree, it should definitely be a PET as its not a transfer to a trust, but a transfer from one individual to another!

    • Avatar of crye crye says:
      June 8, 2012 at 3:28 pm

      @shutaas, Must just have been a typing entry error. Notice (below the chargeable transfers) that in the computation of IHT on lifetime transfers chargeable when made, that gift wasn’t treated as a CLT but as a PET (Ignored for the time being/ not charged when made)!

  6. Avatar of bennettdavey bennettdavey says:
    June 6, 2012 at 12:44 am

    I would like to know why is the second transfer in Nathan’s IHT question 39 a CLT and not a PET, that is the transfer of 47,000 to his nephew on marriage

  7. Avatar of stranger101 stranger101 says:
    May 29, 2012 at 8:36 pm

    cannot see the video…
    only audio is available.. admin please help fast

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